The resolution proposes an amendment to the South Dakota Constitution that would allow for mobile or electronic wagering on sporting events. This amendment would be presented to voters in the next general election for approval. It seeks to modify Article III, Section 25 of the Constitution, which currently restricts the Legislature's ability to authorize games of chance, lotteries, or similar activities. The proposed changes would permit the Legislature to regulate and authorize mobile sports betting, provided that the platforms are associated with licensed casinos and that their servers are located within the city limits of Deadwood.
Additionally, the resolution stipulates that 90% of the tax proceeds from mobile sports wagering must be allocated for property tax relief in the state. It also maintains that the net proceeds from other forms of gambling, such as roulette, keno, and card games, must be dedicated to the historic restoration and preservation of Deadwood. This amendment aims to expand the state's gambling framework while ensuring that a significant portion of the revenue generated is used for public benefit.